Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
09 August 2018Website:
http://www.amalgamatedbank.comNext earnings report:
24 January 2025Last dividends:
06 August 2024Next dividends:
05 November 2024Price
after hours | Fri, 01 Nov 2024 20:03:09 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
AMAL Latest News
Amalgamated Financial (AMAL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Amalgamated Financial (AMAL) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.76 per share a year ago.
YoY Tangible Book Value per share Growth of 27.9% | Deposits Higher by $311 million YoY Tangible Book Value per share Growth of 27.9% | Deposits Higher by $311 million
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.12 per share, payable by the Company on November 21, 2024, to stockholders of record on November 5, 2024. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors.
NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its third quarter 2024 financial results will be released before market open on Thursday, October 24, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results.
Earnings will benefit this year from on and off-balance sheet political deposits. The residential mortgage segment will likely drive loan growth next year. It will counter the negative effect of interest rate cuts on the margin. I'm increasing my earnings estimate following the better-than-expected first-half results.
AMAL, SN and SBSI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 16, 2024.
The mean of analysts' price targets for Amalgamated Financial (AMAL) points to a 28% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
KRYS and AMAL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 8, 2024.
Amalgamated Financial Corp. (NASDAQ:AMAL ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Jason Darby - Senior Executive Vice President & Chief Financial Officer Priscilla Sims Brown - President & Chief Executive Officer Conference Call Participants Janet Lee - JPMorgan Mark Fitzgibbon - Piper Sandler Chris O'Connell - KBW Operator Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial Second Quarter 2024 Earnings Call. During today's presentation, all parties will be in a listen-only mode.
What type of business is Amalgamated Financial?
Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit. It also provides various commercial loans comprising commercial and industrial, multifamily mortgage, and commercial real estate loans; residential mortgage loans; and retail loans, such as residential real estate, consumer solar, and consumer and other loans. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit and ATM cards; and trust, custody, and investment management services comprising asset safekeeping, corporate actions, income collections, proxy, account transition, asset transfers, and conversion management services. Further, it provides investment products, such as funds spanning equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.
What sector is Amalgamated Financial in?
Amalgamated Financial is in the Financial Services sector
What industry is Amalgamated Financial in?
Amalgamated Financial is in the Banks - Regional industry
What country is Amalgamated Financial from?
Amalgamated Financial is headquartered in United States
When did Amalgamated Financial go public?
Amalgamated Financial initial public offering (IPO) was on 09 August 2018
What is Amalgamated Financial website?
https://www.amalgamatedbank.com
Is Amalgamated Financial in the S&P 500?
No, Amalgamated Financial is not included in the S&P 500 index
Is Amalgamated Financial in the NASDAQ 100?
No, Amalgamated Financial is not included in the NASDAQ 100 index
Is Amalgamated Financial in the Dow Jones?
No, Amalgamated Financial is not included in the Dow Jones index
When was Amalgamated Financial the previous earnings report?
No data
When does Amalgamated Financial earnings report?
The next expected earnings date for Amalgamated Financial is 24 January 2025